Registered User Joined: 3/30/2005 Posts: 73
|
any help would be most appreciated..
heres what i have started with............L < L1 AND C > O AND O < H1 AND L < O
this is good but doesnt give me the long wicks Im specifically trying to find
|

 Worden Trainer
Joined: 10/7/2004 Posts: 65,138
|
You may want to take a look at the Boolean PCFs for Candlestick Patterns topic instead of trying to develop your own Personal Criteria Formulas to identify candlestick patterns.
Your PCF checks for the current low to be below the previous low, the current close to be above the current open, the current open to be below the previous high and the current low to be below the current open, but it does not do anything to compare the size of the wicks to the size of either the body or total candle.
I'm not a candlestick guy at all, but I will assume from your formula that you are only checking for the bottom wick (as no comparison was made between the current high and current close). If you want this to be at least half the length of the entire candle, you could use:
L < L1 AND C > O AND O < H1 AND L < O AND O - L >= .5 * (H - L)
If you wanted it to be at least twice the length of the body, you could use:
L < L1 AND C > O AND O < H1 AND L < O AND O - L >= 2 * (C - O)
You can adjust the .5 and 2 as desired based on how big you need the wick to be in relation to the candle. If you did not already know that C > O, you would need to change:
(C - O)
To:
ABS(C - O)
And change:
O - L
To:
(O + C - ABS(O - C)) / 2 - L
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
Min Max PCFs
-Bruce Personal Criteria Formulas TC2000 Support Articles
|
Registered User Joined: 3/30/2005 Posts: 73
|
thanks very much Bruce..thats exactly what i was trying to capture!
|

 Worden Trainer
Joined: 10/7/2004 Posts: 65,138
|
You're welcome.
-Bruce Personal Criteria Formulas TC2000 Support Articles
|